To: Bruce Cullen who wrote (1106 ) 10/4/1999 8:59:00 PM From: bobgh Read Replies (1) | Respond to of 1412
From Todays Chicago Tribune 10-4-99 SPYGLASS ANTICIPATES INCREASED SET-TOP BUSINESS FROM MOTOROLA-GI DEAL Andrew Zajac and Jon Van October 4, 1999 Motorola Inc.'s $11 billion acquisition of General Instrument Corp. didn't get the warm and fuzzy treatment from Wall Street, which gave noogies to the stock of both companies. But the deal could turn out to be a boost to Spyglass Inc., a one-time Motorola partner and currently holder of a $20 million contract with Horsham, Pa.-based GI. Spyglass integrates audio and video and other software in GI's DCT2000 set-top box. "You have to get all this disparate data to look good on a television," said Spyglass Chief Executive Doug Colbeth. "The idea is to have PC-like functionality in a TV." Colbeth noted that GI operations will be lumped with, among other things, Motorola's cable modem business, giving Spyglass an entree to try to license microserver technology for troubleshooting the signal fed from modem to the set-top. "We like the fact that it's under one group," Colbeth said. His company also could have enhanced opportunity for business overseas because of Motorola's strong global channel for its set-top box, called Streamaster. On another front, Spyglass recently sold off its SurfMaster Web filtering software division to JSB Software Technologies PLC, of Scotts Valley, Calif., and Manchester, England, for $17 million in cash and $12 million in JSB stock from a scheduled public offering on the Easdaq stock market in Europe in mid-November. The deal is contingent on the completion of the IPO. Spyglass also receives a minimum of $2 million in licensing fees for the filtering technology underlying SurfWatch. The sale affects about 25 employees of a Spyglass facility in Los Gatos, Calif. Spyglass, which will become a reseller of SurfWatch, made the deal to focus on Web integration products and services, Colbeth said. ----------------------------------------------------------- What happened to our deal with Motorola,, the Blackbird -or- whatever the name is/was, don't we still have a working arrangement with them any longer... I believe there is a lot of things that have changed, that the public and stockholders know nothing about, which I firmly believe is pertinent to investing in this companies shares and should be make public.... I also know they are losing a large number of "key" employees...